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Oct 1, 2012
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we don't want to tax more people with bad tax policy. we want to grow the middle class and get people back to work with higher take home fay. the secret to this is economic growth, chris. the premise of the conversations and tax reform point is as if the economic pie is fixed and that it is governments if job to redistribute the slices. is not how the world works. we want to grow the pie and we want economic opportunity. we want people to be able to get a better job and have more income security and higher take home pay and you can do through economic growth and that is what we are trying to provide and what we can get if we put the progrowth policies in place. >> chris: a number of top republicans say that when romney picked you as his running mate a little over a month ago that they thought that this indicated that you guys were going to run a bold reform agenda campaign and now expressing some frustration that instead of you changing romney you heard this that they feel that romney is changing you and you are running a much more cauti
we don't want to tax more people with bad tax policy. we want to grow the middle class and get people back to work with higher take home fay. the secret to this is economic growth, chris. the premise of the conversations and tax reform point is as if the economic pie is fixed and that it is governments if job to redistribute the slices. is not how the world works. we want to grow the pie and we want economic opportunity. we want people to be able to get a better job and have more income...
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Oct 1, 2012
10/12
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everybody would like a tax cut. who wouldn't want a tax cut, especially 20% across the board? if you're making 35%, the top rate, you go to 28%. all chris wallace was trying to get from ryan on sunday was just tell me what big deductions you're going to get rid of so we can finance that. it's the question. of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised to do, get the economy going through a tax cut, but i'm not going to tell you how i'm going to do it. can he get away with it with even the -- >> i hope not. i think this is a moment for jim lehrer to be very tough, respectful tough, and for president obama to come back at him and to sa
everybody would like a tax cut. who wouldn't want a tax cut, especially 20% across the board? if you're making 35%, the top rate, you go to 28%. all chris wallace was trying to get from ryan on sunday was just tell me what big deductions you're going to get rid of so we can finance that. it's the question. of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of...
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Oct 1, 2012
10/12
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cuts, going beyond the extension of the bush tax cuts. he talks about raising defense spending. he rejects a 10 to one ratio of spending cuts to tax increases. simpson-bowles. you mentioned them. they say the math doesn't add up in the romney plan and he won't tell us how he thinks it does. >> well, listen. the country is hungry for bipartisan compromise, david. i agree with you,t( especially after the last four year was intense partisanship from this white house. and mitt romney is the only candidate in this race who has a record of showing he knows as an executive how to forge bipartisan compromise. as the governor of massachusetts, over 85% of his legislature democrats, he made things happen. and he will make things happen as president of the united states. and will forge the right type of compromise to get this done. and that's the way it's going to work. >> do you think that this governor romney should be in a situation where he's actually prepared to deal with revenue, to raise revenue, go against his party if it's part of a package
cuts, going beyond the extension of the bush tax cuts. he talks about raising defense spending. he rejects a 10 to one ratio of spending cuts to tax increases. simpson-bowles. you mentioned them. they say the math doesn't add up in the romney plan and he won't tell us how he thinks it does. >> well, listen. the country is hungry for bipartisan compromise, david. i agree with you,t( especially after the last four year was intense partisanship from this white house. and mitt romney is the...
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Oct 1, 2012
10/12
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average tax rates were slight lower in 1 '64, '63 and 2004. and mitt romney said college costs have risen 25% under the democrats that is not entirely true. college tuition for two year ands sup 23% but according to the education department when adjusted for inflation tuition is up 7 to 8% overall. >>> criminals who were sentenced to prison for life in california when they were juveniles could get a second chance thanks to a bill signed by governor brown today. more than 300 inmates are serving life without parole for murders they committed as teenagers. brown says the bill would allow inmates to ask judges to reconsider their sentences after they serve at least 15 years. judges could then reduce the no-parole sentence to 25 years to life if the inmate shows remorse and is taking steps toward rehabilitation. >>> arnold schwarzenegger's revealing some long-held secrets in his new autobiography. the book is called "total recall, my unbelievably true life story" and it comes out tomorrow. the associated press bought a copy and said not only did h
average tax rates were slight lower in 1 '64, '63 and 2004. and mitt romney said college costs have risen 25% under the democrats that is not entirely true. college tuition for two year ands sup 23% but according to the education department when adjusted for inflation tuition is up 7 to 8% overall. >>> criminals who were sentenced to prison for life in california when they were juveniles could get a second chance thanks to a bill signed by governor brown today. more than 300 inmates...
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public policy areas from flexible international exchange rates to a lower rate of inflation, lower taxes, less government. all volunteer army. lou: what, do you think, professor friedman would think of bin bernanke's federal reserve today? >> well, i think that friedman largely would have supported the actions that the fed has taken. that is certainly ben bernanke position who is a great scholar of milton friedman and also the great depression. i think that in an extraordinary circumstances you would argue that the extraordinary measures are called for and that the fed really has tried to avoid a repeat of the 1930's when there was a great decline in the velocity of money and there was actual inflation. that hasn't happened. lou: you don't think he would be and that'll nonplussed by too much coincidence with keynesian economics? >> no. i think that on the fiscal side he would very much opposed the economic stimulus of president obama. i'm sure he would oppose obamacare. when it comes straight to monetary policy, i think that freedom would think that this was a circumstance where more exp
public policy areas from flexible international exchange rates to a lower rate of inflation, lower taxes, less government. all volunteer army. lou: what, do you think, professor friedman would think of bin bernanke's federal reserve today? >> well, i think that friedman largely would have supported the actions that the fed has taken. that is certainly ben bernanke position who is a great scholar of milton friedman and also the great depression. i think that in an extraordinary...
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Oct 1, 2012
10/12
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CNNW
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we need tax revenue, we need to see additional tax revenues generated. we don't need to see that much general rayed. that would be counter-produce. >> what if they let the taxes lapse for the wealthiest americans which is what president obama wanted those families making more than $250,000 a year, individuals making more than $200,000 a year, what would the impact of that be? >> well, you know, that would hurt but that is something that the economy could digest because the -- total hit would be much smaller. of course, you are hitting higher income households who have other saving, other financial resources. they wouldn't pull back on their spending to the same degree. association you know, all else being equal it would be -- a negative to the economy in the very near term but it is something the economy could digest and -- ultimately longer run we need to address our fiscal situation. that is, we need government spending cuts and we need additional tax revenue. both of those things to address our fiscal problems. one way or the other we are going to nee
we need tax revenue, we need to see additional tax revenues generated. we don't need to see that much general rayed. that would be counter-produce. >> what if they let the taxes lapse for the wealthiest americans which is what president obama wanted those families making more than $250,000 a year, individuals making more than $200,000 a year, what would the impact of that be? >> well, you know, that would hurt but that is something that the economy could digest because the -- total...
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Oct 1, 2012
10/12
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FOXNEWS
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when he released tax information and gives nearly 30% of his income away the biggest part to his church, i have to say i salute that. i admire people who don't just claim believe in something, but back it with what they actually do and give. and his particular faith is not the same as mine, but i'm wanting people who practice what they preach. i'd love to see people in office and frankly, people who want credibility with me to demonstrate that what they want for on sunday is also what they stand for the rest of the week. and one way we find that out is how they invest even resources. now, if we're going to bring religion and the faith of candidates, particularly mitt romney, into the presidential debate. fair enough, fair enough, mr. reid. let's bring everybody's faith, everyone's church into it and maybe then america will be reminded of this pastor under whom barack obama sat for 20 years. >> god bless america, no, no, no, not god bless america, god (bleep) america. yeah, so if you want to bring religion up, fine, we're all ready and more than happy to talk about the influences of fait
when he released tax information and gives nearly 30% of his income away the biggest part to his church, i have to say i salute that. i admire people who don't just claim believe in something, but back it with what they actually do and give. and his particular faith is not the same as mine, but i'm wanting people who practice what they preach. i'd love to see people in office and frankly, people who want credibility with me to demonstrate that what they want for on sunday is also what they...
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Oct 1, 2012
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boosting american manufacturing by ending the tax break that sends jobs overseas and giving tax incentives to companies that start manufacturing businesses here. these are specific tangible proposals and i believe they will pass because i believe the american people are supportive of that. >> but they haven't passed. >> the verdict will be rendered november 6. megyn: joining me now mark hannah, former aid to john kerry and barack obama. kevin, your chots on that exchange? >> that was a revealing look inside the best talking points that president obama has by his top spokesperson on the campaign frame beside himself. if you can't get more prekay tough than education, green energy, research and development, and that's the solutions? those are the pin points for solutions you are offering for an election that's going to be decided on an economy and jobs and the economic growth and development of this nation? megyn, that's pathetic. and i think everyone that watched david axlerod squirm, and candy is not exactly a hostile host, saw the real lack of preparedness. this campaign is demonstrating
boosting american manufacturing by ending the tax break that sends jobs overseas and giving tax incentives to companies that start manufacturing businesses here. these are specific tangible proposals and i believe they will pass because i believe the american people are supportive of that. >> but they haven't passed. >> the verdict will be rendered november 6. megyn: joining me now mark hannah, former aid to john kerry and barack obama. kevin, your chots on that exchange? >>...